Gold Investment: In the current time of Corona epidemic, if you are thinking of investing in gold, then you can do this work sitting at home. For this you do not need to go to the market and buy gold from jewelers. At present, there are many better options for investing in gold, which you can take advantage of. You also get a guarantee of purity when you buy gold through these options.
Gold Exchange Traded Funds (Gold ETFs)
Gold ETF i.e. paper gold is such a facility, in which the option to buy gold in units like shares is available. This is one of the cheapest options for investment in gold. These are exchange traded funds, which can be bought and sold on the stock exchange. The benchmark of gold ETFs is the price of gold in the bullion market. This means that you can buy it around the original price of gold. You need to have a demat account to invest in Gold ETFs. In this, the purchase of gold is done in the unit. You can place an online order for Gold ETFs on the broking trading portal. Physical delivery of gold is not done on its sale.
Sovereign Gold Bond
Sovereign Gold Bond (SGB) is also a good option to invest in pure gold. SGBs are issued by the Government of India at regular intervals at the current price of gold. The maturity of SGB is eight years. Whereas, the lock-in period is five years. This means you can sell the bond after five years. But, keep in mind that, if you have retained the SGB till maturity, you will not have to pay any capital gains tax on the investment. At the same time, you will get 2.5 percent annual interest, which will be paid every six months. The amount of gold the investor invests in SGB remains safe. Because at the time of maturity, he gets the current market price. Thus, investing in SGB is a better option than buying physical gold. It does not have the same risk as physical gold. Online investment can also be done in this.
Gold purchase with mobile wallet payment app
If you are looking for the easiest option to buy gold, then you can do it in just a few seconds from your smartphone. It also does not require a lot of investment. You can buy gold for the amount of money you have. This facility is available in mobile wallets like Paytm, PhonePe. For this also you do not need to go anywhere and you can invest from home.
Gold Mutual Funds
With the changing times of the market, the option of investing in gold through mutual funds also exists. It is easier to invest in Gold Mutual Funds as compared to Gold ETFs. You can invest in Gold Mutual Funds directly through online mode or through its distributors. For this demat account is not required. In Gold Mutual Fund, your fund manager invests his corpus in Gold ETFs. One can also invest in gold mutual funds through SIP. Gold Mutual Fund is an open ended investment product, meaning you can sell it anytime you want. You can also invest in it online.
